Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") will host a conference call on Thursday, February 23, 2012, at 9:00 a.m. CT to discuss its fourth quarter financial and operating results. Earnings are expected to be released after the market closes on Wednesday, February 22, 2012.

Individuals who would like to participate should call (866) 713-8563 (passcode: 12630565) approximately 15 minutes before the scheduled conference call time. To access the live audio webcast, please visit the investor relations section of the Company's website, www.conchoresources.com. A replay of the call will also be available, by dialing (888) 286-8010 (passcode: 80842393) or via the Company's website, for approximately 30 days following the conference call.

About Concho Resources Inc.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's operations are primarily focused in the Permian Basin of Southeast New Mexico and West Texas. In addition, the Company is involved in a number of emerging plays. For more information, visit Concho's website at www.conchoresources.com.

Concho Resources Inc.
Toffee McAlister, 432-683-7443
Director, Investor Relations & Corporate Communications